Peyto Exploration & Development Corp. (OTCMKTS:PEYUF) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Peyto Exploration & Development Corp. (OTCMKTS:PEYUF) have earned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company.

Several equities research analysts have recently weighed in on the stock. Desjardins upgraded shares of Peyto Exploration & Development from a “hold” rating to a “buy” rating in a research note on Monday, November 24th. TD Securities reiterated a “buy” rating on shares of Peyto Exploration & Development in a research note on Thursday, December 4th. Scotiabank restated an “outperform” rating on shares of Peyto Exploration & Development in a research note on Wednesday, January 21st. Finally, CIBC raised Peyto Exploration & Development from a “neutral” rating to an “outperform” rating in a report on Thursday, January 15th.

Peyto Exploration & Development Trading Up 1.4%

PEYUF stock opened at $18.04 on Wednesday. The company has a fifty day moving average price of $16.33 and a 200 day moving average price of $14.78. Peyto Exploration & Development has a 12 month low of $10.00 and a 12 month high of $18.80.

Peyto Exploration & Development Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a dividend of $0.0784 per share. This represents a yield of 604.0%. The ex-dividend date of this dividend was Friday, November 28th. Peyto Exploration & Development’s dividend payout ratio is currently 74.96%.

About Peyto Exploration & Development

Peyto Exploration & Development Corp. is a Calgary-based Canadian energy company engaged in the exploration, development and production of natural gas and natural gas liquids. The company focuses on exploiting liquids-rich natural gas opportunities in the Deep Basin and Brazeau areas of west central Alberta. Peyto’s integrated business model encompasses land acquisition, well planning, drilling, completion and production operations, supported by in-house technical, engineering and operations teams.

Since its incorporation in 1998, Peyto has concentrated its activities entirely within Alberta’s prolific Montney, Falher and Notikewin formations.